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QUESTION
3 machines were bought total invoice value $350000, the supplier insists on paying $50000 cash, and the balance to be settled after 90 days.
3 machines were bought total invoice value $350000, the supplier insists on paying $50000 cash, and the balance to be settled after 90 days. Assume that the depreciation rate is 10% and the company uses the straight-line method.
